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About

Overview

BRIEF PRINCIPLES OF MACROECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched. The sixth edition features a strong revision of content in all eighteen chapters. Dozens of new applications emphasize the real-world relevance of economics for today's students through interesting news articles, realistic case studies, and engaging problems. The premier ancillary package is the most extensive in the industry, using a team of instructors/preparers that have been with the project since the first edition. The text material is again fully integrated into Aplia, the best-selling online homework solution. "I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy."—N. Gregory Mankiw.

Features and Benefits

Created by economist Ron Cronovich of Carthage College, the ground breaking Premium PowerPoint® Presentations feature chapter-by-chapter slides designed to ease your course preparation time while increasing student involvement in the classroom through interactive examples and applications. The presentations organize lecture points into sections that students can easily digest, animate graphs the way you might draw them, and include Student Note Prompt handouts to facilitate effective note taking without distracting students from active participation in class.

"In the News" boxes include excerpts from many newspaper articles and encourage students to apply basic economic theory to discover how economics can provide an illuminating new perspective and enable greater understanding of world events.

"FYI" boxes provide additional material to expand key concepts and discussions by offering a glimpse into the history of economic thought, clarifying technical issues, and exploring supplementary topics you might choose to complement your core lectures.

Economic theory is most useful and interesting when applied to actual events and policies, which is why the text contains numerous Case Studies to vividly illustrate the real-world applications and consequences of key principles.

"Quick Quizzes" follow each major section to help students check their comprehension of what they just learned and to focus their review when preparing for exams.

Each chapter contains a variety of problems and applications that encourage students to apply the material they have learned. These practical, interesting activities serve equally well as homework assignments and starting points for lively classroom discussions.

Table of Contents

PART I: INTRODUCTION.1. Ten Principles of Economics.2. Thinking Like an Economist.3 .Interdependence and the Gains from Trade.PART II: HOW MARKETS WORK.4.The Market Forces of Supply and Demand.PART VIII: THE DATA OF MACROECONOMICS.5. Measuring a Nation's Income.6. Measuring the Cost of Living.PART IX: THE REAL ECONOMY IN THE LONG RUN.7. Production and Growth.8. Saving, Investment, and the Financial System.9. The Basic Tools of Finance.10. Unemployment and Its Natural Rate. PART X: MONEY AND PRICES IN THE LONG RUN.11. The Monetary System.12. Money Growth and Inflation.PART XI: THE MACROECONOMICS OF OPEN ECONOMIES.13. Open-Economy Macroeconomics: Basic Concepts.14. A Macroeconomic Theory of the Open Economy.PART XII: SHORT-RUN ECONOMIC FLUCTUATIONS.15. Aggregate Demand and Aggregate Supply.16. The Influence of Monetary and Fiscal Policy on Aggregate Demand.17. The Short-Run Tradeoff between Inflation and Unemployment.PART XIII: FINAL THOUGHTS.18. Six Debates over Macroeconomic Policy.Glossary.Index.

What's New

The sixth edition will be available with the most advanced new products for student and instructor choice, engagement, and outcomes. Aplia, the best-selling online homework solution, will be available with ApliaText, a complete interactive digital edition of the Mankiw text embedded right in the Aplia online course. CourseMate is a new product that integrates a digital edition of the textbook with a suite of student engagement tools such as video, graphing practice, tutorials, games, and more. CourseMate also includes Engagement Tracker, which lets professors see which of the resources students are actually using.

The new sixth edition of BRIEF PRINCIPLES OF MACROECONOMICS contains extensively updated coverage of areas impacted by the financial crisis.

New "Problems and Applications" appear throughout the sixth edition, providing an effective, integrated way for students to assess their mastery of the material and to review more efficiently for assignments and exams.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs.
Contact your Learning Consultant for more information.

Efficacy and Outcomes

Reviews

"I think it is more reader friendly than other texts. In addition, it uses both numeric and/or graphical examples, which is very useful for the students."

— Mark Abajian, San Diego Mesa College

"We used to use Case and Fair's text. Mankiw seems to be a better text because it actually follows through with giving applications to what he includes in the book. For example, there is much better material in Mankiw about consumer surplus, producer surplus, government policies and interventions in the market."

— Jesse Schwartz, Kennesaw State University

"Very student friendly text. Makes economics easy to understand. Some of the other texts would take a lot of reading to explain an idea."

— Naveen Sarna, Northern Virginia Community College

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Prepared by Linda S. Ghent, Eastern Illinois University, the sixth edition of the Brief Macroeconomics Instructor's Manual offers a detailed outline for each chapter of the text that provides learning objectives, identifies stumbling blocks that students may face and offers helpful teaching tips, and provides suggested in-classroom activities for a more "cooperative learning" experience. The Instructor's Manual includes solutions to all end-of-chapter exercises, Quick Quizzes, Questions for Review, and Problems and Applications found in the text. The Instructor's Manual is also available online and on the Instructor's Resource CD.

Included are the key 6e supplements: the Discovery Guide, Instructor’s Manual with Solutions Manual, Transparency Masters, and the Test Bank in both ExamView® and Microsoft Word, PowerPoint® Traditional Slides and PowerPoint® Exhibit Slides.
PowerPoint® Traditional Slides are available online and on IRCD. This comprehensive presentation saves you time with graphs, tables, lists, and concepts developed sequentially. The crisp, and colorful slides include additional examples and applications to reinforce major lessons. You may edit slides to customize. PowerPoint® Exhibit Slides, also available online and on IRCD, provide all of the tables and graphs from the main text. (Please note: There is a separate CD for the Premium PowerPoint®.)
Additional resources found on the Instructor’s Resource CD are: ExamView® Computerized Testing Software: ExamView® Computerized Testing Software contains all questions in the printed test bank-over 13,000! You can add or edit questions, instructions, and answers; select questions by previewing them on the screen, selecting them randomly, or select them by other criteria (difficulty level, topic).
Joinin™ Turning Point: JoinIn™ is a response system that allows you to transform your classroom and assess students’ progress with instant in-class quizzes and polls. TurningPoint software lets you pose book-specific questions and display students’ answers seamlessly within the Microsoft PowerPoint® slides of your own lecture, in conjunction with the clicker hardware of your choice. For college and university adopters.

Study Guide
(ISBN-10: 0538477067 | ISBN-13: 9780538477062)

David R. Hakes (University of Northern Iowa) has prepared a study guide that will enhance student success. Each chapter of the study guide includes learning objectives, a description of the chapter's context and purpose, a chapter review, key terms and definitions, advanced critical-thinking questions, and helpful hints for understanding difficult concepts. Students can develop their understanding of the material by doing the practice problems and answering the short-answer questions. They can then assess their mastery of the key concepts with the self-test, which includes true/false and multiple-choice questions.

Cengage Learning’s Economics CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. Economics CourseMate goes beyond the book to deliver what you need! Includes: e-book, Interactive Quizzing, Practice Quizzing, Learning Objectives, Flash Cards – Interactive and printable, Videos, Econ Apps, Games, Graphing Workshop and Mankiw Blog Map. Included with CourseMate is the Global Economic Watch. This groundbreaking resource stimulates discussion and understanding of the global downturn with easy-to-integrate teaching solutions. It includes a content-rich blog, real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and overview of events leading to today’s global economic crisis.

Cengage Learning’s Economics CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. Economics CourseMate goes beyond the book to deliver what you need! Includes: e-book, Interactive Quizzing, Practice Quizzing, Learning Objectives, Flash Cards – Interactive and printable, Videos, Econ Apps, Games, Graphing Workshop and Mankiw Blog Map. Included with CourseMate is the Global Economic Watch. This groundbreaking resource stimulates discussion and understanding of the global downturn with easy-to-integrate teaching solutions. It includes a content-rich blog, real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and overview of events leading to today’s global economic crisis.

Aplia saves instructors valuable time they'd otherwise spend on routine grading while giving students an easy way to stay on top of coursework with regularly scheduled assignments. These assignments have been developed for a range of textbooks and are easily customized for individual teaching schedules. Currently, Aplia supports college-level courses and has been used by more than 1,000,000 students at over 1,300 institutions.
Aplia's economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging.
Students receive immediate, detailed explanations for every answer.
Math and graphing tutorials help students overcome deficiencies in these crucial areas.
Economics articles from top news sources challenge students to connect current events to course concepts.

Aplia saves instructors valuable time they'd otherwise spend on routine grading while giving students an easy way to stay on top of coursework with regularly scheduled assignments. These assignments have been developed for a range of textbooks and are easily customized for individual teaching schedules. Currently, Aplia supports college-level courses and has been used by more than 1,000,000 students at over 1,300 institutions.
Aplia's economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging.
Students receive immediate, detailed explanations for every answer.
Math and graphing tutorials help students overcome deficiencies in these crucial areas.
Economics articles from top news sources challenge students to connect current events to course concepts.

Cengage Learning’s Write Experience is a technology product that allows you to assess written communication skills without adding to your workload. Instructors in all areas have told us it’s important that students can write effectively in order to communicate and think critically. Through an exclusive partnership with a technology company, Cengage Learning’s Write Experience allows you to do just that! This new product utilizes artificial intelligence to not only score student writing instantly and accurately, but also provide students with detailed revision goals and feedback on their writing to help them improve. Write Experience is the first product designed and created specifically for the higher education market through an exclusive agreement with McCann Associates, and powered by e-Write IntelliMetric Within™. IntelliMetric is the gold standard for automated scoring of writing and is used to score the Graduate Management Admissions Test® (GMAT®) analytical writing assessment. Better Writing. Better Outcomes. Write Experience. Visit www.cengage.com/writeexperience to learn more.

Successfully complete your macroeconomics writing assignments with Write Experience 2.0. This innovative system scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence

Bring a new level of ease in preparation and student understanding to your course with CengageNOW. This innovative, integrated online course management and student learning system combines the best of current technology to save you time in planning your course and student assignments, help you teach with the latest built-in course support materials, reinforce comprehension with customized student learning paths, efficiently test student knowledge, and automatically grade assignments and tests. Take full advantage of this time-saving, effective resource with Cengage Learning's specialized training and service program for CengageNOW. For more information, visit academic.cengage.com/cengagenow.

Bring a new level of ease in preparation and student understanding to your course with CengageNOW. This innovative, integrated online course management and student learning system combines the best of current technology to save you time in planning your course and student assignments, help you teach with the latest built-in course support materials, reinforce comprehension with customized student learning paths, efficiently test student knowledge, and automatically grade assignments and tests. Take full advantage of this time-saving, effective resource with Cengage Learning's specialized training and service program for CengageNOW. For more information, visit academic.cengage.com/cengagenow.

MindTap is a fully online, highly personalized learning experience built upon Cengage Learning content. MindTap combines student learning tools - readings, multimedia, activities and assessments - into a singular Learning Path that guides students through their course. Instructors personalize the experience by customizing authoritative Cengage Learning content and learning tools, including the ability to add their own content in the Learning Path via apps that integrate into the MindTap framework seamlessly with Learning Management Systems.

Quizzes are effective study aids especially when you only have a limited amount of time. These quizzes work with your title and can help you to review and learn essential terms and key concepts. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, quizzes are already included.

Flash cards are effective study aids especially when you only have a limited amount of time. These flash cards work with your title and can help you to review and learn essential terms and key concepts. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

Flash cards and quizzes are effective study aids especially when you only have a limited amount of time. These flash cards and quizzes work with your title and can help you to review and learn essential terms and key concepts. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards and quizzes are already included.

Mankiw Principles of Economics, Sixth Edition, Discovery Guide is a guide to everything you need to know about the sixth edition. This critical tool demonstrates the features and substance added to the sixth edition in chapter content, as well as the unique supplementary package that makes the Mankiw experience superior. From exploring the benefits of ExamView® and the Test Bank to the pedagogical value of the Premium PowerPoint® Presentations and careful structure of the Student Study Guide and online tools, this guide is your quick reference for what is new to this edition.

The Guide to the Mankiw Approach for Principles of Economics, 6th
(ISBN-10: 0538478799 | ISBN-13: 9780538478793)

In this essay by N. Gregory Mankiw, he explains his well-respected approach to the teaching of macroeconomics that fosters in students a better understanding of economic principles and encourages application of an economic way of thinking.

BBC News Video Segments deliver the "real world" right to students' desktops, giving students a context for how economic topics affect world and national events as well as their own daily lives, and helping them learn material by applying it to current events.

Transparency Acetates
(ISBN-10: 1111221820 | ISBN-13: 9781111221829)

Created to help you build text images into your lectures, full-color transparency acetates are available with the sixth edition for use on an overhead projector. Transparencies are available upon request for adopters.

Economics for Life: 101 Lessons You Can Use Every Day!
(ISBN-10: 0538757884 | ISBN-13: 9780538757881)

ECONOMICS FOR LIFE 3e is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Tied through its Appendices to all South-Western principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course and can be bundled at no additional charge.

Student Supplements

Study Guide
(ISBN-10: 0538477067 | ISBN-13: 9780538477062)

Study more effectively and improve your performance at exam time with this comprehensive guide. Written to work hand-in hand with BRIEF PRINCIPLES OF MACROECONOMICS, 6th Edition, this user-friendly guide includes a wide variety of learning tools to help you master the key concepts of the course.

Cengage Learning’s Economics CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. Economics CourseMate goes beyond the book to deliver what you need! Includes: e-book, Interactive Quizzing, Practice Quizzing, Learning Objectives, Flash Cards – Interactive and printable, Videos, Econ Apps, Games, Graphing Workshop and Mankiw Blog Map. Included with CourseMate is the Global Economic Watch. This groundbreaking resource stimulates discussion and understanding of the global downturn with easy-to-integrate teaching solutions. It includes a content-rich blog, real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and overview of events leading to today’s global economic crisis.

Cengage Learning’s Economics CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. Economics CourseMate goes beyond the book to deliver what you need! Includes: e-book, Interactive Quizzing, Practice Quizzing, Learning Objectives, Flash Cards – Interactive and printable, Videos, Econ Apps, Games, Graphing Workshop and Mankiw Blog Map. Included with CourseMate is the Global Economic Watch. This groundbreaking resource stimulates discussion and understanding of the global downturn with easy-to-integrate teaching solutions. It includes a content-rich blog, real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and overview of events leading to today’s global economic crisis.

Aplia provides students with an easy way to stay on top of coursework with regularly scheduled assignments. Aplia has been used by more than 1,000,000 students at over 1,300 institutions.
Aplia's economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging.
Students receive immediate, detailed explanations for every answer.
Math and graphing tutorials help students overcome deficiencies in these crucial areas.
Economics articles from top news sources challenge students to connect current events to course concepts.

Aplia provides students with an easy way to stay on top of coursework with regularly scheduled assignments. Aplia has been used by more than 1,000,000 students at over 1,300 institutions.
Aplia's economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging.
Students receive immediate, detailed explanations for every answer.
Math and graphing tutorials help students overcome deficiencies in these crucial areas.
Economics articles from top news sources challenge students to connect current events to course concepts.

Succeed in your course with Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for BRIEF PRINCIPLES OF MACROECONOMICS, 6th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. Aplia has already helped more than a million students succeed in college classes.

Successfully complete your macroeconomics writing assignments with Write Experience 2.0. This innovative system scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence

Succeed in your economics course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.

MindTap is a fully online, highly personalized learning experience built upon Cengage Learning content. MindTap combines student learning tools - readings, multimedia, activities and assessments - into a singular Learning Path that guides students through their course. Instructors personalize the experience by customizing authoritative Cengage Learning content and learning tools, including the ability to add their own content in the Learning Path via apps that integrate into the MindTap framework seamlessly with Learning Management Systems.

Quizzes are effective study aids especially when you only have a limited amount of time. These quizzes work with your title and can help you to review and learn essential terms and key concepts. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, quizzes are already included.

Flash cards are effective study aids especially when you only have a limited amount of time. These flash cards work with your title and can help you to review and learn essential terms and key concepts. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

Flash cards and quizzes are effective study aids especially when you only have a limited amount of time. These flash cards and quizzes work with your title and can help you to review and learn essential terms and key concepts. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards and quizzes are already included.

Flash Cards
(ISBN-10: 1285400313 | ISBN-13: 9781285400310)

Quizzing
(ISBN-10: 1285400356 | ISBN-13: 9781285400358)

Flash Cards/Quizzing
(ISBN-10: 1285410513 | ISBN-13: 9781285410517)

List Price = $30.95
| College Bookstore Wholesale Price = $23.25

Economics for Life: 101 Lessons You Can Use Every Day!
(ISBN-10: 0538757884 | ISBN-13: 9780538757881)

ECONOMICS FOR LIFE 3e is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Tied through its Appendices to all South-Western principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course and can be bundled at no additional charge.

Meet the Author

Author Bio

N. Gregory Mankiw

N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. He studied economics at Princeton University and MIT. Dr. Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, including The New York Times, The Washington Post, The Wall Street Journal, and Fortune. Dr. Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President’s Council of Economic Advisers.

N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. He studied economics at Princeton University and MIT. Dr. Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, including The New York Times, The Washington Post, The Wall Street Journal, and Fortune. Dr. Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President’s Council of Economic Advisers.